Ennis, Inc. (NYSE:EBF) Short Interest Up 42.5% in October

Ennis, Inc. (NYSE:EBF) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 781,200 shares, an increase of 42.5% from the September 30th total of 548,200 shares. Based on an average daily volume of 165,200 shares, the days-to-cover ratio is currently 4.7 days. Currently, 3.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Ennis

Several hedge funds have recently modified their holdings of the stock. Inspire Advisors LLC raised its holdings in Ennis by 47.0% during the third quarter. Inspire Advisors LLC now owns 13,860 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 4,432 shares in the last quarter. Creative Planning increased its stake in shares of Ennis by 84.9% during the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 26,207 shares in the last quarter. Unison Advisors LLC lifted its stake in Ennis by 1.1% in the 3rd quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock valued at $935,000 after buying an additional 435 shares in the last quarter. CWM LLC raised its holdings in shares of Ennis by 30.9% in the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Lakewood Asset Management LLC purchased a new stake in shares of Ennis in the third quarter valued at $230,000. 74.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Ennis Trading Up 0.0 %

Shares of NYSE EBF traded up $0.01 during trading hours on Tuesday, reaching $20.61. The stock had a trading volume of 139,048 shares, compared to its average volume of 126,742. The firm has a 50-day moving average of $22.99 and a 200-day moving average of $21.99. The firm has a market cap of $535.53 million, a price-to-earnings ratio of 12.88 and a beta of 0.40. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. The business had revenue of $99.04 million during the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.85%. The ex-dividend date is Friday, October 11th. Ennis’s payout ratio is currently 62.50%.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.